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Showing 1 - 10 of 79 results for "MLC Wealth"

CFS appoints risk chief from MLC

ELIZABETH MCARTHUR  |  MONDAY, 23 AUG 2021
Colonial First State has appointed a new chief risk officer, with MLC Wealth's former chief operating officer stepping into the role. Anthony Lane starts as group chief risk officer at CFS today. He was chief operating officer and chief risk officer ...

NAB to buy Citigroup's Australian consumer banking business

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
... billion. The transaction includes Citi's private wealth management business. "NAB has recently completed the sale of its MLC Wealth Business to IOOF with its retained wealth businesses focused on servicing high net worth and self-directed segments, through ...

CFS unveils new leadership team

KARREN VERGARA  |  MONDAY, 5 JUL 2021
... Australia." CBA entered an agreement to sell 55% of CFS to private equity firm KKR in May 2020. Coombe, who is the former MLC Wealth and current Generation Development Group chair was named chair-elect in March and will take the post once the deal finalises. ...

More advisers exit in June

KARREN VERGARA  |  MONDAY, 5 JUL 2021
... (137) and Bridges Financial Services (193). This makes IOOF the largest licensee after it finalised its acquisition of MLC Wealth in early June 2021. Interprac Financial Planning netted a loss of 22 advisers between June and July with 279 at the end ...

IOOF hires from AustralianSuper

ELIZABETH MCARTHUR  |  THURSDAY, 1 JUL 2021
... funds under administration (FUA) being migrated onto Evolve. The company also recently completed its acquisition of MLC Wealth from National Australia Bank, adding 406 financial advisers to IOOF and making key appointments. The merger has also doubled ...

AWS swaps to boutique licensee

ANNABELLE DICKSON  |  TUESDAY, 22 JUN 2021
... IOOF financial advice firms joined Count Financial ahead of the MLC acquisition. IOOF completed the acquisition of MLC Wealth earlier this month, comprising its financial advice, platforms, and asset management business for $1.44 billion. Following the ...

Adviser numbers fall below 20k

KARREN VERGARA  |  THURSDAY, 3 JUN 2021
... addition of 188 advisers to the group during the period, bringing its total to 385. IOOF completed its acquisition of MLC Wealth on June 1. The AFSL for the newly merged group, based on ASIC's FAR, is under Consultum Financial Planning. MLC brands that ...

IOOF completes merger, appoints executives

ELIZABETH MCARTHUR  |  TUESDAY, 1 JUN 2021
IOOF completed its acquisition of MLC Wealth from National Australia Bank yesterday, adding 406 financial advisers to IOOF and making key appointments. Nine months after announcing the deal, IOOF has integrated MLC Wealth in a move that has also doubled ...

NAB denies underpaying full-time workers

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
... being paid correctly. NAB calculates the remediation bill to be $108 million (before tax); $14 million was allocated to MLC Wealth employees, which is in the process of being acquired by IOOF. "The issues identified in the Payroll Review are not acceptable ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
... trustee for MLC Super. On 31 August 2020, IOOF entered into an agreement with National Australia Bank to acquire the MLC wealth management business, which includes NULIS. Under the Superannuation Industry (Supervision) Act 1993, APRA must approve any ...
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